Dear Freinds,
I wanted help from you"ll, I have made a Purchase Return for a material having VAT, in such a scenario how do I revert back VAT during the purchase return in the system.
Similarly in place of VAT ,if the material carries CST , than how do I revert it in the system.
Regards,
Menu
cst
Replies (2)
Dear Rohit
You just have to reversed the entry tht u have passed at the time of Purchases
the entry passed by you at the time of Purchases is
Purchases A/c Dr
Vat input / Vat A/c Dr
To Party A/c
now you just have to passed the reversed entry i.e.
Party A/c Dr
To Purchases Ac
To vat input / VAt A/c
U have to pass the reverse entry exactly correct by Mr Sudhir above.
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